USDJPY-10:42 (CET)

By IBT Staff Reporter On 11/23/09 AT 7:25 AM

The pair continues with the downwards trend built on October 27th, offering us a fantastic rally of 375 pips, so far. The pair was trading at 88.88 yens per dollar, a few moments ago, with the next resistance found at 89.15, while the support is at 88.70.The bands of Bollinger show low volatility, signal of a possible reaction in the future, while the 14 period RSI is on neutral ground.